Payspan Inc.401(k)
PAYSPAN INC. 401K PLAN AND TRUST · JACKSONVILLE, FL · plan year 2022
Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works
Payspan Inc. reported $36,448 in plan administrative expenses for 2022: 0.58% of average plan assets, above the peer median. Employer contributions averaged $556 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.
The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Florida (2,315th of 3,644), and 9,377th of 11,654 in professional & technical services. In 2022, employees put in $10.00 for every $1.00 the employer contributed.
Payspan Inc.'s 2022 employer contribution ran below the $1,114 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 593259342 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.